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The source for actionable policy ideas to spur innovation.

Business regulatory compliance costs U.S. businesses tens of billions of dollars annually. To help address this, the Administration should increase industry’s participation in the federal rule-making process, which would likely help reduce the complexity of regulatory compliance, emphasize cost/benefit analysis, and restrict the executive branch’s impulse to “legislate by regulation.” Moreover,...
In an era when global trade was minimal and the dominance of U.S. competitiveness was largely assured, the nation could afford to impose new regulatory requirements with little thought given to their impact on the competitiveness of traded sectors. But today, regulation can and does increase costs on industries in traded sectors that in turn make them less competitive globally. To the extent...
All too often federal agencies propose regulations with little consideration given to their effect on innovation. To remedy this, Congress should create within the Office of Management and Budget (OMB) an Office of Innovation Review (OIR) that would have the specific mission of being the “innovation champion” within these processes. OIR would have authority to push agencies to either...
Market forces, not government intervention, should set currency markets, yet too many nations—led by China—manipulate their currencies to achieve competitive advantage. To address this, Congress and the President should sign legislation that would require retaliatory tariffs on nations found to have misaligned currency. Further, Congress should amend countervailing duty law so that unfair...
While the Obama Administration’s Export Control Reform Initiative has begun the effort to implement common sense reforms to streamline and improve the nation’s export control system, more needs to be done. In particular, the government should remove outdated U.S. export control restrictions, especially unilateral burdens placed on widely available ICT products or software. For instance, the...
CFIUS is an inter-agency committee authorized to review transactions that could result in control of a U.S. business by a foreign entity (“covered transactions”), in order to determine the effect of such transactions on the national security of the United States. Current CFIUS regulations state that examiners must review covered transactions on a case-by-case basis. But because the threat to both...
Congress should authorize the Export-Import Bank to go beyond providing export credit financing by leveraging the resources of the Bank to help create domestic manufacturing jobs. In particular, Congress should allow the Bank to use $20 billion in unobligated authority to lend directly to domestic manufacturing companies that are in competition with subsidized foreign competitors (e.g.,...
In May 2012, President Obama signed Congressional legislation that reauthorized the Export-Import Bank (Ex-Im Bank) for three additional years while raising its lending authority by 40 percent to $140 billion by 2014. While this is an important step in the right direction, the reality is that foreign competitors continue to invest substantially more in their countries’ export credit agencies (...
It’s not enough for the Obama administration to work to protect people from inappropriate use of data; they should proactively encourage the appropriate use of data, including pushing for policies that increase data sharing and reduce barriers to global information flows. A newly created Data Policy Office should also lead the development of an R&D framework for privacy to ensure that federal...
To expand STEM graduates, high school is a key place to start and the best way to improve STEM high school education is to foster the creation of more STEM-focused high schools. The Obama administration should urge Congress to allocate $200 million a year for ten years to the Department of Education, to be supplemented by states and school districts and industry, with the goal of quintupling the...
Strong U.S. leadership is necessary to combat the unfair trade practices nations are using to block foreign competitors in the rapidly growing cloud computing industry. For example, the United States Trade Representative should highlight this type of behavior in its annual 301 report.
Former Intel CEO Andy Grove notably has called for a “scaling bank” to help scale innovations to production in the United States. To do this, the Obama administration should call for repurposing Fannie Mae into an industrial financing organization. The very existence of Fannie Mae reflects the fact that America has put more emphasis on consumption (housing) than on production (manufacturing). The...
No formal complaints of the FCC’s 2010 Open Internet (“network neutrality”) rules have been lodged, although a number of firms complain about unfair conduct. In the event that an actual Open Internet complaint is made to the FCC, it should be carefully examined by an expert panel such as the Broadband Internet Technical Advisory Group before the FCC takes action.
ECPA was enacted in 1986 and has not kept pace with the advancement of technology. For example, there are different levels of protection afforded to the privacy of an individual’s data based on where the data is stored and how long the data has been stored. Where possible, the privacy of an individual’s communication should be the same regardless of the type of technology that is used to...
The Obama administration should detail Vice President Biden to lead an effort to build a coalition with the Europeans, Canadians, Australians, Japanese, and whoever else will come aboard to lay out a renewed vision for globalization grounded in the perspective that markets should drive global trade and investment, that countries should not seek sustained trade surpluses, that currency prices...